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Nov 16, 2012
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boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in public, for example, the president now publicly at least has made clear that, yes, he promised during the campaign to raise those rates for those families making $250,000 or more but he is also in the next sentence said i am open if anybody has any other ideas to figuring out how to raise other tax revenue in order to achieve his goal which is deficit reduction, about a trillion dollars in deficit reduction. those kinds of lines and paramete parameters. >> dana bash, thank you so much. i know you're busy today. we appreciate you giving y
boehner appreciates that, dana. just looking at their body language sitting around the table, they're all smiling awkwardly and trying to get along, so hopefully as the morning progresses, you know, the talks will be cordial and arrive at some sort of conclusion. do you have any hopes an actual plan will be developed from this meeting? >> the bright lines over which neither side will cross will likely be established. the players have been very careful not to draw the bright lines in...
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Nov 16, 2012
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nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white house republican house speaker john boehner and president obama sat side by side both insisting they want and will find macdill. >> our challenge is to make sure that we are able to cooperate, work together, find common ground, make some tough compromises, build some consensus to do the people's business. >> coming out of the meeting are rare image of bipartisan ship. >> we have the recognition that every person in america knows we would not reach agreement. >> we are prepared to put everything on the table provided we fixed the problem. however, we are in the dilemma we are
nancy pelosi and john boehner met with the president this morning. with six weeks left to go, work has to be done quickly. rebecca is live with more on the talks. >> the calendar is showing it is just a few weeks until we fall off the so-called fiscal cliff. that is when extended unemployment benefits will expire, tax cuts will expire, and the automatic spending cuts will go into effect. today congressional leaders were promising they would meet the deadline. >> inside the white...
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Nov 18, 2012
11/12
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. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand points? >> everyone is nervous about this. this is kind of the last chance. the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood, but the way they are going to solve this is kind of hostage exchange. in other words, the republicans are determined not to let tax rates go up. the president is determined or is determined to get more revenue. and it's possible to do this. the president is going along, it seems, with some idea of entitlement reform that we are going to actually cut spending. but this is, you know, they are going to have to -- th
. >> president obama and speaker boehner sounding upbeat friday about prospects for cutting a deal to avoid the fiscal cliff. we are back with the panel. after the congressional leaders and the president met at the white house on friday the rhetoric was reassuring. the question is is it real? do you get the sense, bob, that really do see or are beginning to see a path to a compromise are they they just trying to calm nervous investors because the stock market is going down a thousand...
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Nov 18, 2012
11/12
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i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the election. congressman price, where is there room for compromise here? >> there is certainly room for negotiation on a real solution, and a real solution includes both revenue increases and spending reductions. the reason we have concern about what the president is talking about and what my friends on the other side of the aisle have talked about is that it doesn't solve the problem. if we take the president's deal, that he has brought to the table, do you know how many days that pays for the federal government? eight days. not months. eight days. we neat to look at increasing revenue through pro-growth policies. as wel
i want to start out by playing two bits of sound from both speaker boehner and president obama on staking out what they would like to see in a deal to get rid of this fiscal cliff. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. >> gosh, that doesn't sound like you all are anywhere closer to a deal now than you were prior to the...
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Nov 17, 2012
11/12
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president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when the president raised the issue of increasing revenue, there was no, "no, we're not going to do that" from republicans, and when republicans talked about entitlement reform, the president agreed that was something that has to be done. >> well, it sounds good, but do you think when it comes down to the brass tacks both sides are actually ready to bend a bit? >> reporter: i think they're ready to bend than they were going into that whole debacle that was the debt situation. there are some specifics that need to be sorted out for sure, exactly how to raise revenue. as you know, democrats would like to raise t
president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when...
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Nov 17, 2012
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republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the fiscal cliff by the end of the year, both sides have said they are willing to compromise. house speaker boehner says republicans realize that neither side will get everything it wants. >>> exactly one week after he abruptly resigned as head of the cia, david petraeus was back on capitol hill. he met yesterday behind closed doors to brief lawmakers on the september 11th attack on the u.s. consulate in benghazi. according to lawmakers who were there, petraeus now says the attack was an act of terrorism and not the result of a spontaneous anti-western demonstration as initially reported. four americans died in the benghazi inciden
republicans john boehner and mitch mcconnell and democrats nancy pelosi and harry reid. >> we had a very constructive meeting with the president to talk about america's fiscal problem. >> we all know something has to be done. >> it was good. i feel confident that a solution may be in sight. >> we're prepared to put revenue on the table, provided we fix the real problem. >> tax hikes and spending cuts could go into effect simultaneously if no deal is reached on the...
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Nov 20, 2012
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speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a tric
speaker boehner tapped paul ryan to help get his party in line ahead of deficit talks. where in the world is eric cantor? we will talk with luke russert and martin bashir about whether or not the gop can get its frogs in the wheel barrow. >> "new york times" national editor sam sifton says why you shouldn't think about serving salad or anything before the big meal. all of that when "now" starts in a mere 180 seconds. [ male announcer ] if you suffer from heartburn 2 or...
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Nov 17, 2012
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the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see where the compromise is. so i think i'm not optimistic either about where we are right now. >> just to jump in, i would echo that. sometimes we analyze these guys like boehner is the ceo. and that may be the case, but he has a board of directors. he's got other stakeholders to deal with. and we've got to see some movement from them if that bipartisanship that you were talking about in the beginning, mara, if that's going to go anywhere. >> i'm sorry, go ahead. >> i would just point out there was real skepticism about whether boehner could deliver a deal with the debt ceili
the reason is you look at what boehner said. boehner was for a deal last year. we have to figure out what does eric cantor think, what does michele bachmann think, what does rand paul think? john bainer is the leader of the republican party in name, but he often is not leading them in policy. unless we know obama $1 trillion in tax increases, i'm not sure that rush limbaugh is for that right now. until we know that other conservatives outside of john boehner support that idea, it's hard to see...
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Nov 16, 2012
11/12
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time?
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as...
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Nov 20, 2012
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i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only economist who has been right at every stage from pre-cataclysm through now wait a minute weynes was right. he's basically saying the social safety net is what we need to build a middle class and create the assumption and create jobs. >> we can create medicare and the government can provide less money for seniors. in the end it comes out of their kids pockets. you're basically allowing for a tremendous amount of income inequality to continue in this country, and hopefully this will push the democrats to the left. if the republicans at least nominally shed some of these more s
i hope boehner starts to attack what you perceive as their strength. it will force the democrats to stand up for more traditional what we associate with the democratic party, which is we're going to protector things like social security, medicare and we'll go further with more progressive taxation and expand social security because frankly it makes sense to do so at this point. >> cenk: the argument that paul krugman, who i come back to frequently because he has been about the only...
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Nov 12, 2012
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. >> we made a lot, at least those of us in the media, made a lot last week of speaker boehner's references to an openness to increasing revenue to the government. whether this was an affirmative desire to do that as a result of a tax reform or sort of a secondary effect of reducing rates and creating more economic growth is a little bit unclear here, but how encouraged are you from the words that the speaker has been saying and that others on the gop side have been saying about an openness really to raising revenue as part of a bargain? >> well, the tone was right. i think that that is something that certainly should be being a flojed. because there is no question when you heard the language after the statement we want to -- we're willing to see new revenues, what speaker boehner said and what the republicans are saying is that in fact the revenues can only come from economic growth. now of course as democrats we also believe in economic growth, growing jobs but we also say that we do need some hard revenues in the short term if we're going to be serious about bringing down this deficit an
. >> we made a lot, at least those of us in the media, made a lot last week of speaker boehner's references to an openness to increasing revenue to the government. whether this was an affirmative desire to do that as a result of a tax reform or sort of a secondary effect of reducing rates and creating more economic growth is a little bit unclear here, but how encouraged are you from the words that the speaker has been saying and that others on the gop side have been saying about an...
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Nov 17, 2012
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speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the framework should be the kind of framework that bipartisan groups have come up with in the past in terms of a mix of cuts and again, we did a trillion dollars in cuts last year, but also revenue. that's the kind of balanced approach we need to take. >> allallall right. thank you for joining us. we appreciate it. >> thank you. >> friday former c.i.a. director david petraeus testified hyped closed doors on capitol hill. for some his testimony about the september 11 benghazi attack raises more questions than it answers. we'll ask two congressmen about that in a fa
speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the...
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after boehner's vague comments, there are new concerns that the speaker may give up way too much and agree to tax increases. i'm here to lay out exactly what he has on the table. congressman, good to see you. >> good to be with you, sean. >> sean: i am concerned because -- >> i am -- you and me both? >> i am concerned about caving. you have outgoing virginia governor mcdonald, and former governor haley barbour and others saying, maybe we can give in on these things. did any house republican get elected and say to their constit webts they would raise taxes? if they did, i didn't hear it. >> i don't know a single one. sean, this is not the time to be defensive. and of course, there are plenty of people who say i am very offensive. but this is a time to go on offense, with our big ideas. and use the president's own words. he says everybody ought to pay their fair share, keeping him at his word. he says, warren buffett ought to not pay a lesser percentage than his secretary. what the president proposes will increase taxes on those who are paying a different way for warren buffett. it won
after boehner's vague comments, there are new concerns that the speaker may give up way too much and agree to tax increases. i'm here to lay out exactly what he has on the table. congressman, good to see you. >> good to be with you, sean. >> sean: i am concerned because -- >> i am -- you and me both? >> i am concerned about caving. you have outgoing virginia governor mcdonald, and former governor haley barbour and others saying, maybe we can give in on these things. did...
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Nov 18, 2012
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. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous consumers before the christmas holidays and, investors because the stock market is done a thousand points. >> everyone is nervous about this. this is the last chance and the next six weeks could be six weeks that shook the united states if they don't fix this. there clearly is a new mood but the way they'll solve this, is kind of hostage exchange, in other words, the republicans are determined not to let tax rates go up and the president is determined or is determined to get more revenue and, it is possible to do this and the president is going along, it seems, with it some idea of entitlement reform, that
. >> chris: president obama and speaker boehner sounding up beat friday about prospects for cutting a deal to avoid the fiscal cliff and we're back now with the panel. so, after the president and congressional leaders met at the white house, on friday, the rhetoric was reassuring, the question is, is it real? do you get any sense, bob and this is the subject of your new book, that they really do see, are beginning to see a path to a compromise or are they trying to reassure nervous...
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boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new willingness to accept a more balanced approach? >> i'm very much encouraged by it. that is what made it impossible for us to even have discussions at all up until the election results came in. as you know, president obama ran on a very explicit platform of restoring the clinton area tax rates for folks above $250,000. romney explicitly ran against that. exit polls showed half the folks who voted for romney in fact supported the obama position on taxes. the other thing that's important to keep in mind, we -- our congress actually has made a trillion and a half dollars
boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new...
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Nov 17, 2012
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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Nov 18, 2012
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i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. we have so much technology in our store to really show the customers what's going on with their bodies. now you can feel what happens as we raise your sleep number setting and allow the bed to contour to your ind
i think both the president and speaker boehner have indicated they're willing to give that a shot. >> thank you, gentlemen. good to see both of you and thanks for your work on behalf of the american people. congressman steve nortorette of ohio and congressman john ridgelle from virginia. >>> well, it could still push this economy over the edge. what president obama can do in his second term, next. is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a...
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Nov 16, 2012
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john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the rest of 2013 when the economy goes in the garbage dump. republicans are right. bill: two more quick questions on this. >> sure. bill: when these congressional leaders speak, what sort of code words should we be listening for today? >> well i don't know what they would say to each other but on the outside, using the word rates left revenues and that type of stuff are code words especially coming from the president. if he talks about raising revenues and does not insist on it being rates there is a good compromise possible. if he forc
john boehner is pulled by two groups. one he does not want to be obstructionist not to allow tax cuts for lower group to go through and doesn't want tax cuts to go through. he is pulled on that side and by his own party. what i hope is that the vast majority of the republicans hold true and if some of the republicans peel off, i would, that would be fine. if they pushed through obama's bill, but i do not want to see them punished. but the republicans need to have this position for 2014 and the...
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Nov 17, 2012
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if you just take what speaker boehner said yesterday, grover's in trouble. he said i'm putting revenue on the table. no one has been able to say that definitively and get away with it and move forward with actually putting revenue on the table in the form of tax spending. just in louisiana, we spend $3 billion in tax spending alone. you know, there's an obsession from my governor's perspective with spending just on the tax side and corporate welfare. >> speaking of your governor, he's also my governor. as soon as we come back, i have got a letter to my governor. you all know you love my dears. mine is to dear bobby jindal when we come back. ah. fire bad! just have to fire roast these tomatoes. this is going to give you a head start on your dinner. that seems easier [ female announcer ] new progresso recipe starters. five delicious cooking sauces you combine with fresh ingredients to make amazing home-cooked meals. to make amazing sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can t
if you just take what speaker boehner said yesterday, grover's in trouble. he said i'm putting revenue on the table. no one has been able to say that definitively and get away with it and move forward with actually putting revenue on the table in the form of tax spending. just in louisiana, we spend $3 billion in tax spending alone. you know, there's an obsession from my governor's perspective with spending just on the tax side and corporate welfare. >> speaking of your governor, he's...
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Nov 12, 2012
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so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i think eventually they are going to get a deal, but i think it'll probably be a two-step process where they get some type of down payment on tax reform and then do something larger in the new year with the new congress being sworn in. so, but how do you do that, how do you have one-step process? i think you've got to have the parameters of what you're going to do next year now. boehner does not want a huge deal in the lame duck. he says that the new congress should be in session when you're going to do this, the newly-elected people. so it's goi
so john boehner is in a very difficult spot. we've seen some movement that republicans are willing to put some tax revenue on it, but as boehner said over the weekend, he's not going to raise tax rates. and obama is insisting on that. so i don't think you're going to get, see any type of deal this week when congress comes back. there'll be more leverage games, and we're going to probably go deep into december raising the question, are we going to get a deal? jenna: what do you think? >> i...
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Nov 12, 2012
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. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican said, no. if it sounds like the argument we already heard, you are right. democrats appear emboldened. >> if the republicans will not agree with that, we will reach a point at the end of this year where all the tax cuts expire and we'll start over next year. >> the two sides have four more days to lay out their markers. on friday they come to the white house to start negotiations. >> ama: weather, it's been nice out but just chilly. >> i think the clouds that are sitting off the coast will help to warm us up. let's take a live look from vollmer peak cam looking down to the bay bridge. y
. >> speaker boehner told republican members they would have to avoid fights. according to the "new york times" they seemed to listen but it doesn't change the basic disagreement that could push the country off the fiscal cliff the 1st of january. that is when tax cuts expire the average family will pay an extra $3700 a year. and severe cuts in defense spending will be triggered. sticking point, taxes. the president won on letting tax cuts for the rich expire. leading republican...
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Nov 20, 2012
11/12
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speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. so i think the fix is in. it's just why hasn't it happened. they wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. obviously, the president has the strong hand. >> they sort of like taking everything to the cliff, to the edge of the cliff to get everybody nervous, i guess. feels like a dÉjÀ vu from last summer. rob, you make a good point. i understand it from mya mcginness, who created this fix the debt croup. she says if you take away all the loopholes and exceptions, you get $1 trillion. that sounds good, right? unfortunately a lot of those loopholes will not be touched t like the mortgage interest, the charitable donations. some of these will not be touched. how are you really going to take away the loopholes and exemptions and count on that? >> well, i don't think necessarily that we are going to get the huge grand bargain here, but at the same time, are we going to go off the cliff? the markets don't
speaker boehner said, well, geez, we can get higher tax revenue just by closing a few loopholes, restructuring mildly the tax code. so i think the fix is in. it's just why hasn't it happened. they wanted to wait until after the election, see if both sides wanted to see if their hands were strengthened. obviously, the president has the strong hand. >> they sort of like taking everything to the cliff, to the edge of the cliff to get everybody nervous, i guess. feels like a dÉjÀ vu from...
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Nov 18, 2012
11/12
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president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying you've got to put a deal together in washington, if you guys in washington don't get it done, we're going to downgrade your credit. >> we've seen this movie before. it's not a good movie. i will remind viewers that the last time standard and poors did take us down a notch, it actually didn't hurt our ability to finance our debt at all. so that was kind of blown off by the markets, but this time could be different. there's one interesting wrinkle here. i do believe that if the political discourse, which is actually sounding a little better lately breaks down, everything is dysf
president obama and speaker boehner were unable to reach a debt deal in 2001. one of the by-products of the inaction was a downgrade of the country's credit rating. could this happen again? and what would it mean for the nation's financial standing across the globe? joining me is jared bernstein, senior fellow at the center for budget policies and priorities. good to see you again, when it comes to the credit rating, we've seen it happen before. all three credit rating agencies are saying...
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Nov 17, 2012
11/12
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>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the program. i'm joined by the one and only congressman barney frank. congressman, thank you for joining us. >> great to be here. for >> eliot: for all the good well and happy talk is there a deal being framed up right now? >> i don't know. i hope there is. we've known there was substantively, but there has to be republicans who understand that sticking with this deficit reduction coming out of domestic programs, and you expand military spending, and you don't increase tax on the wealthy clearly the election said that's not the right way to go. i know the
>> i think the challenge for boehner. it will be a test for john boehner's leadership to find the votes within his caucus, to meet the president and others halfway. he has got to come halfway. certainly the president has got to come halfway. that's what this is about. >> eliot: i agree with you. the president has already gone halfway. i think they'll end up meeting his number. winning in politics brings consequences. new orleans mayor marc moriel. thank you for coming on the...
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Nov 13, 2012
11/12
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they just gave him more time' and speaker boehner still objects to higher tax rates, shepard. >> shepard: republicans here and there are changing their tunes on a lot of things. bill kristol the conservative commentator is one of them, he says raise taxes on the millionaires it won't kill us that shook the g.o.p. establishment. he supports the president's own deficit reduction commission taxes and spending cuts which mr. obama himself turned down. crystal's comments came on "fox news sunday." >> you know what? it won't kill the country if we raise taxes a little bit on millionaires. it really won't. i don't understand why republicans don't take obama's offers to freeze taxes on everybody below 250,000. >> since polls indicate most people favor phasing out he upper income tax cuts. kristol ask why should republicans fall on swords for a bunch of millionaires who half of them live in hollywood and vote democratic anyway. two states have responded to make it legal to smoke marijuana and get high. world leaders have questions. for starters is it time to change drug policies. voters in colora
they just gave him more time' and speaker boehner still objects to higher tax rates, shepard. >> shepard: republicans here and there are changing their tunes on a lot of things. bill kristol the conservative commentator is one of them, he says raise taxes on the millionaires it won't kill us that shook the g.o.p. establishment. he supports the president's own deficit reduction commission taxes and spending cuts which mr. obama himself turned down. crystal's comments came on "fox news...
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Nov 12, 2012
11/12
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but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who voted democratic and half who live in hollywood. >> administration officials are already suggesting to congress that mr. obama is willing to let the deadline pass, let tax rates go up and spending be cut. if he can't get the deal he wants. >> bill plante in washington. thank you. later this morning we'll ask conservative activity jaft grover norquist if republicans are backing away from his no tax increase pledge. >> two weeks ago sandy battered the northeast. hundreds of homes and businesses have no power. most on long island. the governor of new york is calling for an investigation as mark strassman reports from
but speak john boehner told house republicans that after last week's election a mandate from the american people is to work together, even if it means additional revenues through tax reform. meanwhile bill crystal editor of "the weekly standard" seemed to cave in on the president's demand that wealthy people pay more. >> it won't kill the country if we raise taxes a little bit on millionaires. it won't. really the republican will fall on the sword to defend millionaires half who...
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Nov 17, 2012
11/12
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look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank you. >> all right. thank you, everybody. >> that would be all be nice if he well a tough portion stance -- negotiation stance and he does not and it seems frustrating to people who don't agreey with boehner and don't want to wish him a happy birthday. >> a different situation when reagan and tip o'neill were working together and o'neill would stand up on the president and the president would stand up to tip o'neill and now vuboehner standing up to the president and the president not standing up to boehner. larry cudlow have -- they have been talking about capping deductions to br
look here we go with more boehner love. i have to show this. this happenedda at the end of the meaning. >> wait, wait, excuse me there is one other point that i want to make and that is my understanding is material is speaker boehner's birthday. for those of you who want to wish hip a happy birthday -- we not not embarrass him with a cake because we didn't know how many candies were needed. >> yeah, right. >> we do want to wish him a happy birthday. >> thank you. thank...
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Nov 19, 2012
11/12
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. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points. s&p and nasdaq having a big day today on the back of apple. we will talk about that and much more in just a moment. here is what we are followinging on halftime today. flash point as the conflict escaltes into tes can a dashes can a lates in the middle east. top analyst says stay away from apple. a top trader says buy it. they will go head-to-head over america's most loved stocks. today's big rebound. it comes on renewed hopes in washington. will congress rise above and what does a fiscal cliff fix mean for your money? our traders today, joe terranova, john najarian, josh brown. are you buying stocks today or feeling betbe
. >> nancy pelosi hopefully by christmas and -- boehner said this. so they were all over the lot. but i think they wanted to reassure the kids. >> art, thanks so much for the guidance. we will see you tomorrow. that does it for us on "squawk on the street." let's get back to headquarters. >> carl, thanks very much. welcome to the halftime show. power hours go until the close on this monday. pretty good day it is. highs of the day right now. a gain of 163 points....